Press Release
PRESS RELEASE. Singapore, January 12, 2023: Fiat Payment Gateway Alchemy Pay and its Co-founder, majority shareholder Shawn Shi are honored by Forbes with the Pioneer Of Web3 innovations award on January 11. The Singapore-based provider of cryptocurrency-based payment solutions have access to a major research and development center in Asia and have pioneered the development of innovative payment systems that facilitate a seamless transfer of funds between traditional fiat currency and crypto currencies.
Alchemy Pay was founded in 2018 and has since become the number one cryptocurrency payment system in Southeast Asia. In 2022, Alchemy Pay launched its first-ever d2c solutions and its NFT payment, on ramp, and on-ramp were all released in the third and fourth quarters of last year. Constant updates and innovations to the range of offerings have been made to both crypto-natives and newcomers. All platforms, whether large-scale or small, integrate on ramp services (plugins or APIs).
The Forbes Pioneer Of Web3 innovations award recognizes pioneering achievements in crypto/fintech. Forbes selects those investors, entrepreneurs, and collaborators in open source projects and crypto-ecosystems who have made important contributions to the development of Web3. They express their belief with a declaration that is “aimed to find cases of value creation by innovative companies in the field of the Web 3.0 and the current wave Web 3.0 is shaping a higher level of autonomy.”
Shawn Shi commented: “It’s great to receive industry recognition for our work in the payments space. The scope of possibility is wide open, and our team is always pushing the limits. We have repeatedly proven that any payment scenario with any customization is possible. I am very proud of our team and 2023 will continue to expand our vision.”
Alchemy Pay finished the year with several integrations. They activated Apple Pay, became an official service provider for Visa and integrated Arbitrum, the largest Ethereum Scaling Layer 2 in the world. His wealth of practical experience in blockchain technology and legacy financing has made him a success. The ramp base includes payment processors, acquirers and exchanges. This was no easy task, but the team has a wealth of experience and great talent, allowing them to avoid any contagion from recent cryptocurrency scandals.
Alchemy Pay supports Mastercard and Visa in 173 countries and large scale banking systems such as SEPA in Europe. While the team has been at the forefront of innovation, their excellent coverage in emerging markets like SEA shows that they are leading the charge. Local mobile payment markets in emerging markets are dominated by wallets and Alchemy Pay users can use them to buy and sell cryptocurrency. The result is that cryptographic services or platforms can be accessed at remote locations all over the world.
Shawn Shi shared his thoughts about the future year: “In 2023, nothing will stop us. This year will see the launch of our app, which will be a one-stop-shop for users who want to feel the full power and scope of what Web3 and cryptocurrency can offer. We are building for the long term.”
Follow Alchemy Pay
Website:https://alchemypay.org/
Twitter:https://twitter.com/alchemypay
LinkIn:https://www.linkedin.com/company/alchemypay/
Medium:https://alchemypay.medium.com/
Youtube:https://www.youtube.com/c/AlchemyPay
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